mainehiker, Here is a clip from Reuters after earnings today:
>> That would give Amazon a price-to earnings ratio of about 130 based on Friday's share price. That was well above Internet peers eBay Inc. (EBAY) and Yahoo Inc. (YHOO) , whose respective forward PE ratios stood at 57 and 64. "At this point Amazon is more susceptible to macro factors than their own specific ones." <<
If eBay and Yahoo are down, then AMZn should fall twice the rate, IMHO.
I have doubt about AMZN's forward outlook. WDIK! Calzone.